InvestSMART

Centrepoint Alliance Limited (ASX:CAF)

ALERT: Price-sensitive ASX Announcement for CAF
Current share price for CAF : $0.375 -0.025 (-6.25%)+
Announcement
Release
2 Sep 2026 8:52AM
Price at Release
$0.400
Full Release
download
Summary
Centrepoint Alliance Limited announced that it completed the acquisition of a 51% controlling interest in SEQ Advice Group Pty Limited on 1 September 2026, after satisfying all conditions precedent under the transaction documents. The acquisition, first announced on 26 August 2026, included payment of an initial Tranche 1 cash amount of $0.5 million, effective commencement of the agreed transaction and governance documents including a new shareholders’ deed and call option deed, and transfer of majority ownership and control of SEQ to Centrepoint. The remaining Tranche 1 consideration will be determined by agreed completion adjustments and FY27 maintainable EBITDA and is expected to be settled on a deferred, debt-funded basis in September 2027. The transaction also preserves Centrepoint’s pathway to increase its ownership to 75% subject to agreed performance, client-transition and succession outcomes, while around 25% is intended to remain with continuing advisers and key personnel in the medium term, with Centrepoint holding a call option over the final 25% until 1 September 2036. SEQ’s existing management and adviser team will continue operating the business, supported by Centrepoint’s growth, governance and succession capabilities.
Key Points
  • Centrepoint Alliance completed the acquisition of a 51% controlling interest in SEQ Advice Group Pty Limited.
  • The announcement date was 2 September 2026 and completion occurred on 1 September 2026.
  • All conditions precedent to the acquisition were satisfied.
  • Centrepoint paid an initial Tranche 1 cash payment of $0.5 million.
  • The initial payment will be offset against the total Tranche 1 consideration payable.
  • The balance of Tranche 1 consideration is subject to agreed completion adjustments and FY27 maintainable EBITDA.
  • The remaining Tranche 1 consideration is expected to be settled on a deferred, debt-funded basis in September 2027.
  • Transaction and governance documents, including a new shareholders’ deed and call option deed, became effective on completion.
  • Centrepoint retained a pathway to increase its ownership in SEQ to 75% subject to agreed performance, client-transition and succession outcomes.
  • Approximately 25% ownership is intended to remain with continuing advisers and key personnel in the medium term.
  • Centrepoint holds a call option to acquire the remaining 25% ownership interest until 1 September 2036.
  • SEQ’s existing management and adviser team will continue to operate the business.
  • Centrepoint stated it will support SEQ’s growth, governance and succession objectives.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.